Tabcorp posts $636.8 million loss

By Morgan

Tabcorp has reported a loss of $636.8 million, primarily due to a significant cash impairment in its wagering and media division caused by a decrease in gambling activity and higher tax rates. The company’s overall revenue declined by 5 percent to $1.2 billion, while group earnings saw a 14 percent… Read More » Read full article

Source:: https://www.justhorseracing.com.au/general-news/betting/tabcorp-posts-636-8-million-loss/804561